Schroder Asian Total Return Investment Company plc - ATR
Designed to protect and grow wealth through all market conditionsWhy invest in ATR?
The Schroder Asian Total Return provides an unconstrained approach to investing in Asian markets, seeking to provide a total return to investors while providing an element of capital protection.
Investing in high potential companies across the Asia Pacific region
The Portfolio Managers are not bound by benchmarks. This gives them the freedom to support their top investment choices through an active strategy, without being tied to a specific index. As a result, the portfolio is diverse both in terms of geographical location and sector. They particularly incline towards small and mid-cap companies, concentrating on those that are well-managed and acknowledge the significance of providing a strong, growing dividend to their shareholders. This, they believe, is a crucial component of a promising long-term total return.
Benefit from a smoother journey and the possibility for higher returns
The ability to choose stocks with strong long-term return prospects is further enhanced by the application of a tactical hedging strategy. This strategy aims to provide a less bumpy investment journey compared with the Reference Index by lowering volatility and preserving capital. In the aggregate, this serves to alleviate some of the broader risks associated with investing in Asia.
Rely on decades of Asian investment expertise
The co-portfolio managers Robin Parbrook and King Fuei Lee have more than 50 years of combined investment experience and are renowned for their expertise in Asian equity investing. They draw upon the extensive resources of Schroders’ Asia Pacific equities research team based in six offices across the region, as well as Schroders’ London-based global sector specialists. This helps provide an information advantage in an under-researched and market inefficient region.
Key Information
Manager Robin Parbrook recognised as FE fundinfo's Alpha Manager of the Year 2024
Schroder Asian Total Return's Robin Parbrook, a veteran in Asian equities, shares key lessons and insights on successful investing in the region.
Performance
For further performance data please visit the London Stock Exchange website
Ongoing charge (as at July 2023): 0.82%
Performance fee: 10% of NAV over a 7% hurdle rate. Sum of management and any performance fee capped at 1.25% of net assets. Only applies if trust meets or outperforms reference index.
Watch: Annual Results
In April 2024, Robin Parbrook presented the Trust's annual results for the year ended 31 December 2023.
Awards and ratings
Source: Morningstar as at September 2024
Source: Kepler Trust Intelligence, 2024
Source: FE fundinfo, 2024
In the media
Trust communications
Corporate governance
Find out more about the Company's Board, view key dates and keep up with regulatory news.
Meet the managers
"You can’t dine off relative returns, and in Asia we believe the benchmark indices are a poor reflection of the overall investment opportunities. The priority of the Company is to make money, whilst providing an element of capital preservation in a volatile asset class."
Documents
Non-Mainstream Pooled Investments (NMPI) Status
The Company currently conducts its affairs so that its shares can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The Company's shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in an investment trust.
Risk Considerations: Schroder Asian Total Return Investment Company plc
China risk: If the fund invests in the China Interbank Bond Market via the Bond Connect or in China "A" shares via the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect or in shares listed on the STAR Board or the ChiNext, this may involve clearing and settlement, regulatory, operational and counterparty risks. If the fund invests in onshore renminbi-denominated securities, currency control decisions made by the Chinese government could affect the value of the fund's investments and could cause the fund to defer or suspend redemptions of its shares.
Concentration risk: The Company may be concentrated in a limited number of geographical regions, industry sectors, markets and/or individual positions. This may result in large changes in the value of the company, both up or down.
Counterparty risk: The Company may have contractual agreements with counterparties. If a counterparty is unable to fulfil their obligations, the sum that they owe to the Company may be lost in part or in whole.
Currency risk: If the Company’s investments are denominated in currencies different to the currency of the Company’s shares, the Company may lose value as a result of movements in foreign exchange rates, otherwise known as currency rates.
Derivatives risk: Derivatives, which are financial instruments deriving their value from an underlying asset, may be used to manage the portfolio efficiently. A derivative may not perform as expected, may create losses greater than the cost of the derivative and may result in losses to the fund.
Emerging markets & frontier risk: Emerging markets, and especially frontier markets, generally carry greater political, legal, counterparty, operational and liquidity risk than developed markets.
Gearing risk: The Company may borrow money to make further investments, this is known as gearing. Gearing will increase returns if the value of the investments purchased increase by more than the cost of borrowing, or reduce returns if they fail to do so. In falling markets, the whole of the value in such investments could be lost, which would result in losses to the Company.
Liquidity Risk: The price of shares in the Company is determined by market supply and demand, and this may be different to the net asset value of the Company. In difficult market conditions, investors may not be able to find a buyer for their shares or may not get back the amount that they originally invested. Certain investments of the Company, in particular the unquoted investments, may be less liquid and more difficult to value. In difficult market conditions, the Company may not be able to sell an investment for full value or at all and this could affect performance of the Company.
Market risk: The value of investments can go up and down and an investor may not get back the amount initially invested.
Market Risk: The value of investments can go up and down and an investor may not get back the amount initially invested.
Operational risk: Operational processes, including those related to the safekeeping of assets, may fail. This may result in losses to the Company.
Performance risk: Investment objectives express an intended result but there is no guarantee that such a result will be achieved. Depending on market conditions and the macro economic environment, investment objectives may become more difficult to achieve.
Private market valuations, and pricing frequency: Valuation of private asset investments is performed less frequently than listed securities and may be performed less frequently than the valuation of the Company itself. In addition, in times of stress it may be difficult to find appropriate prices for these investments and they may be valued on the basis of proxies or estimates. These factors mean that there may be significant changes in the net asset value of the Company which may also affect the price of shares in the Company.
Share price risk: The price of shares in the Company is determined by market supply and demand, and this may be different to the net asset value of the Company. This means the price may be volatile, meaning the price may go up and down to a greater extent in response to changes in demand.